Davos: Hopes for digital tax breakthrough between France, US

  • Jan 22, 2020

Hopes are rising that a breakthrough in discussions on how to tax digital companies will emerge at the World Economic Forum on Wednesday. José Ángel Gurria, the secretary general of the Organization for Economic Co-operation and Development group of leading industrial nations, told The Associat

Read More

Asian shares higher after selloffs spurred by Chinese virus

  • Jan 22, 2020

Shares mostly rose in early Asian trading on Wednesday after a slide in U.S. stocks overnight as a virus outbreak in China rattled global markets. Japan’s Nikkei 225 index climbed 0.6% to 24,013.15 and the Kospi in South Korea surged 0.8% to 2,256.95. In Hong Kong, the Hang Seng jumped 0.8% to 28,216.7

Read More

World shares mixed ahead of central bank decisions

  • Jan 20, 2020

Stock markets were trading in narrow ranges Monday as investors awaited central bank decisions and earnings reports due out in coming weeks. U.S. stock markets will be closed in observance of the Martin Luther King Jr. holiday. In Europe, France’s CAC 40 declined 0.2% to 6,089, while Germany’s DA

Read More

Asian stocks follow Wall Street lower on trade worries

  • Dec 04, 2019

 Asian stock markets followed Wall Street lower after President Donald Trump cast doubt over the potential for a trade deal with China this year. Benchmarks in Tokyo, Hong Kong and Sydney fell more than 1% while

Read More

Huawei moving US research center to Canada

  • Dec 03, 2019

The founder of Huawei says the Chinese tech giant is moving its U.S. research center to Canada due to American sanctions on the company.  In an interview with Toronto’s Global and Mail newspaper, Ren Zhengfei said the move was necessary because Huawei would be blocked from interacting with U.S. employees.  Huawei Te

Read More

Walmart’s online sales are surging heading into holidays

  • Nov 14, 2019

Walmart raised its annual profit expectations after reporting strong third-quarter results helped by its grocery business. The results, announced Thursday, offer encouraging news as it heads into the holiday

Read More

Asian shares decline on renewed China-US trade worries

  • Nov 11, 2019

Shares declined Monday in Asia as investors watched for the latest developments in the China-U.S. trade war saga. Hong Kong led the retreat, with the Hang Seng falling 2.7% to 26,902.36 after a police office

Read More

Xi promises gradual opening of Chinese markets to investment

  • Nov 05, 2019

President Xi Jinping promised more gradual market-opening steps at the start of an import fair Tuesday but no initiatives in technology and other irritants that sparked a tariff war with Washington. The second China International Import Expo showcases the country’s

Read More

Tesla’s stock soars after company posts surprising 3Q profit

  • Oct 24, 2019

SAN FRANCISCO— Tesla posted a surprising profit of $143 million in its latest quarter, raising hopes the electric car pioneer may finally be turning the corner after posting mostly losses during its first decade as a publicly held company. The positive results announced Wednesday came after Tesla lost $1.1 b

Read More